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have heard a lot of people say over the course of the campaign people love medicare but an expert said today a lot of that is because for every dollar you put in most members get $3 back and that is unsustainable. when you start talking about entitlement reform, a lost groups and seniors get upset. >>shepard: there is a move problem, but don't mess with my math. where do the lawmakers stand? >>reporter: coburn told me, who you heard a moment ago, he could cut $600 billion out of the federal government and almost no one would notice. some democrats, they seem to think this could be some savings had at the pentagon. >> there isn't anyone left right or center who wants to compromise america's national defense but to believe that having ended one war in iraq and ending another in afghanistan and reassessing our role in the world we cannot find savings in the pentagon is not affair assessment. >>reporter: i have heard that from others, as well, after two wars, after the great expansion of our military over the two wars, there could be some savings to be had but at this point a lot of discus
reform from medicare. martha, i have to tell you. i got new numbers from medicare, from trustees, actually. medicare has to pay out in the future $42 trillion. that is money which it does not now have. so you can see that this is very serious issue. cuts in spending, cuts to medicare. who will make them? it is very serious because what that kind of money outstanding you need some kind of an agreement and fast. the bottom line right now, martha, it is again an impasse. martha: that's a huge number, stuart. it was about 38 trillion just less than a year ago i believe. >> yes. martha: so that number has really ballooned to 42 trillion as stuart shares with us in terms of those numbers. let's go back to the republican side for just a moment because i think there is a discrepancy in terms of the understanding what republicans seem to be agreeing to do. there is difference between raising tax rates which they have said they will not do. so i don't see any ground being ceded on the raising of tax rates for the wealthy but the changing of loopholes that would indeed, would that produce r
fall under simpson-bowles just in the year 2015, starting with drug rebates under medicare part d. that money would come from the drug companies themselves, likely $6 billion just in the year of 2015. a change in inflation measure, that means that beneficiaries of medicare and medicaid might get less money going forward. that's $3 billion. cuts in farm subsidies, that's big. those guys would lose $3 billion that year. eliminating the in-school interest subsidy for student loans. that's a popular one for those folks who have taken out student loans but who are still in school. that would be a big hit, again, to those people taking student loans. clearly, there are going to be some unpopular political choices here. there's a lot of stuff that's very unpopular politically already in the simpson-bowles plan, which is what a lot of people here in washington are talking about as a starting point. don't forget, there's another very difficult conversation still to come, guys. >> no doubt, eamon. thanks so much. meantime t our next guest is one of the fix the debt ceos and wants more focus
and medicare combined. but we are talking about illegal immigrants that are given food stamps and they are not entitled to medicaid or medicare or social security. it is a food stamp program and set up with whether mexico is pulling up their fair share. >> and john, you go to the web site. anybody can go to the web site. welcome to america web site this is it just a page from it government ben fets and welcome to america here are the benefits and here are the freebeies. and depending on your immigration status and length of time in the u.s., you may be eligible for federal benefit programs and it goes through a long lit any and it is long and a lot of money. >> it is unfortunate. immigrants are treasures the arrival of each one makes us more american because it signifies. >> if they are here to work. >> absolutely. it is it the last thing you want to do is offer them hand out to come here. that insures that you get a lower quality person coming here. we want to attract those who want to come here and achieve. >> steve, that is it the problem. i would say the overwhelming numbe
. and two entitlement reform that means getting rid of social security and medicare and making at it voucher program, which mitt romney and paul ryan supported and the american people rejected. so don't fall for this republican line of baloney that they have suddenly seen -- gotten religion when it comes to new revenue. the only solution is an balanced report which includes spending cuts and new revenue and not just closing loopholes. it's not just closing loopholes. it has got to include raising taxes on the wealthiest 1%. let's talk about it 866-55-press. 866-557-7377. i hope i'm not alone among the media who will say these republicans are just trying to con the americans one more time and stick to the old mitt romney plan which the american people rejected on november 6th. don't fall for it. 866-55-press. let's talk about it. >> announcer: this is the "bill press show." ♪ [ male announcer ] it's that time of year again. time for citi price rewind. because your daughter really wants that pink castle thing. and you really don't want to pay
it for the country, but only if democrats are willing to make reforms on entitledment programs, medicare and medicaid and social security. that is big if. good morning, hope your turkey was great. martha: good morning, everybody, i'm martha maccallum. you've got this. congressman peter king and now senator bob corker say they will ignore the decades old pledge that was signed by 241 house members and senators. he says he believes it is a huge game-changer. >> when you're $16 trillion in debt the only pledge we should make to each other is to avoid becoming greece. republicans should put revenue on the table. we're this far in debt. we don't generate enough revenue. capping deductions will help generate revenue. raising tack rates will hurt job creation. bill: this is the heart of the matter. stuart varney, host of "varney & company". morning to you, sir? >> this is a real shift. one of the two sides had some movement in their position on the tax side of the debate. that side is the republican side. as you heard there from senator lindsey graham, other, and other republican, they are now prepared to a
a speech yesterday about the entitlement aspect. medicare, medicaid. the entitlement aspect and basically said we don't want entitlements to be part of the immediate talks january 1st but think as democrats they should be part of longer terms talks for next year. i'm just wondering, is there a sense from the white house among democrats of what it is they're prepared to give in on on terms of entitlement? >> not enough to satisfy the republicans, this's for sure. they say up here they have seen nothing. unfortunately, the few people who are beginning to even talk about the need for eventual compromise like a tom cole, like a dick durbin are quickly getting smacked down here, particularly on the republican side. that congressman just got a spanking from john boehner in front of his caucus today so there's -- doesn't seem to be any movement in that direction. i was at a breakfast with bowles and simpson this morning and erskine bowles saying he think there is's a 1 in 3 chance of this working out before the fiscal cliff is reached on december 31st. he said he's not hearing enough in terms of
security and medicare, make some defense cuts if you have to but we'd rather just see the rich get taxed and the near rich get taxed if we have to do that. >> the numbers do not add up, the left is being fundamentally dishonest. they are saying you don't have to cut social security or medicare or medicaid to get the deficit down, all you've got to do is tax the rich some more. they are recklessly suggesting that we go deeper and deeper and deeper into debt heading towards bankruptcy. the numbers, megyn are stunning. we have an unfunded liability for medicare of $42 trillion. an unfunded liability for social security of $20 trillion. and a further 20 trillion for unfunded pensions for federal employees, that adds up to $86 trillion which are committed to pay in the future and the money we do not have. therefore, you cannot just tax the rich to get rid of the deficit. you simply can't do that. the numbers don't add up. megyn: chris, what do you make of this, the president is now going to go out on what looks like sort of like a campaign stop on friday to pennsylvania. he already had this m
in medicare that might set off gaps in coverage, senior citizens not getting health care coverage. there you go. they're saying to put everything on the table but when you get in the details that's why they haven't come to a deal because the devil will be in the details, jenna. jenna: maybe they start with a salute and end with a handshake. ed, great to see you report great to see you. jenna: thank you very much. jon: several republican lawmakers are toning down their criticism of u.n. ambassador susan rice and her handling of the deadly attack on the consulate in libya. ambassador rice was under fire for appearances on the television immediately after the attack where she blamed it on the youtube video. many vocal critics, like senator john mccain are turning up the heat on president obama and the state department. >> the problem is the president of the united states in a debate with mitt romney said that he had said it was a terrorist attack. he hadn't. jon: chief intelligence correspondent catherine herridge is live in washington. she has more on all of this. so this shift in focus to the
congressman who's unwilling to make any cuts to social security and medicare. if more sign on to his way of thinking, are we sure to go over the fiscal cliff? >>> defense companies are hoarding cash ahead of the fiscal cliff as well. could they be the next companies to reward shareholders with big, special dividends, or are they worried they'll need the cash because a bad storm is approaching courtesy of the fiscal cliff? back in a moment. tdd#: 1-800-345-2550 when i'm trading, i'm totally focused. tdd#: 1-800-345-2550 tdd#: 1-800-345-2550 and the streetsmart edge trading platform from charles schwab... tdd#: 1-800-345-2550 gives me tools that help me find opportunities more easily. tdd#: 1-800-345-2550 i can even access it from the cloud and trade on any computer. tdd#: 1-800-345-2550 and with schwab mobile, tdd#: 1-800-345-2550 i can focus on trading anyplace, anytime. tdd#: 1-800-345-2550 until i choose to focus on something else. tdd#: 1-800-345-2550 all this with no trade minimums. tdd#: 1-800-345-2550 and only $8.95 a trade. tdd#: 1-800-345-2550 open an account with a $50,000 depos
? this is big news. [ male announcer ] it's that time of year again. medicare open enrollment. time to compare plans and costs. you don't have to make changes. but it never hurts to see if you can find better coverage, save money, or both. and check out the preventive benefits you get after the health care law. ♪ open enrollment ends december 7th. so now's the time. visit medicare.gov or call 1-800-medicare. [ man thinking ] oh, this gas. those antacids aren't working. oh no, not that, not here! [ male announcer ] antacids don't relieve gas. gas-x is designed to relieve gas. gas-x. the gas xperts. >>> closed door fiscal talks continue in washington this week despite the thanksgiving holiday. next week, you can expect a little more urgency as the full congress returns to town. facing debt is nothing new for us. in fact, it's helped shape our country and accomplish incredible things like the expansion westward and the louisiana purchase, florida, texas and california. those cost money, you know. our next guest argues that, yes, we are a country of dreamers and also a country of defalters. in t
announcer ] it's that time of year again. medicare open enrollment. time to compare plans and costs. you don't have to make changes. but it never hurts to see if you can find better coverage, save money, or both. and check out the preventive benefits you get after the health care law. ♪ open enrollment ends december 7th. so now's the time. visit medicare.gov or call 1-800-medicare. so now's the time. on black friday, it doesn'ty bird...or matter,liest bird? as long as we end up here at 5 a.m., or at homedepot.com, starting thursday. where prices have been cut, chopped, and sanded... on the most powerful tools that cut. ...chop... ...and sand. so we, or somebody on our list, can do the same. more saving. more doing. that's the power of the home depot. the early bird gets a special buy on a ryobi two-piece lithium-ion kit, just $99. at e-trade, our free online tools and retirement specialists can help you build a personalized plan and execute it with a wide range of low cost investments. get a great plan and low cost investments at e-trade. >>> black friday is off to its earliest start yet w
medicare spending. so we're not close to actually having those kind of talks yet. what we have right now is a pr phase, a public relations phase, where both sides are trying to work the business community or work main street behind their side of the argument. >> and it does seem that we have a split not just about what needs to get done or how we get to this deal, dana, but about the urgency of what would happen if we didn't come to a deal. the white house put out that 14-page report on monday and had all these frightening details about what happens to the economy if we go off the fiscal cliff, a key point they say consumer spending would take a $200 billion hit next year. is there a growing sense, though, dana, that going off the cliff would be preferable to caving on issues that are important frankly to both sides? >> certainly the extremes on both sides are saying that it may be preferable. it is entirely possible that that's what will happen. sort of like those discussions of can we survive, you know, the nuclear winter. it is -- the good news is that a deal is fairly obvious what ne
but what they see the democratic side trying to pull entitlement reforms like medicare off the table. john boehner basically saying he thinks the spending situation is sort of a freight train that is coming at the nation right now. republicans senator mitch mism the leader in the senate -- mitch mcconnell blasted the president of saying he is doing is too much campaigning and not governing. take a listen. >> it is over. he won. congratulations. we have a hard deadline here however. and it is still, he is still out on the campaign trail, kind of celebrating. this is the problem. if the president really wants to reach an dwreechlt he needs to be talking with members of his own party right here in washington trying to broker an agreement, not out there firing up crowds and giving speeches. >> reporter: now the bottom line when you listen to comments like that it is pretty clear both sides are digging in pretty tough. not a lot of progress in these talks. and what is interesting republican senator tom coburn said on fox earlier this morning look, either both sides will come together and solve
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, with the promise of cuts to programs like medicare later. on tuesday, senator dick durbin flatly declared entitlement reform should not be on the table. yesterday, top white house officials also met with leading liberal groups, from labor unions to moveon.org. with one attendee telling the "washington post" they expect the taxes to go up on the wealthy and to protect medicare and medicaid benefits. they feel confident they don't have to compromise. pressed today on whether the spending cuts are kicked down the road, white house spokesman jay carney was noncommittal. >> you are not having any spending cuts now. you want to do spending cuts next year; is that a fact? >> no. it's not a fact. these are all parts of aspects of the conversations that are ongoing. >> some republicans are pushing boehner an other leaders to accept an extension of the middle class cuts to avoid the white house blaming them for crash over taxes on the rich. >> everybody is waiting for schedule to go up. unless we fix that paradoxically. president obama becomes defender of the bush tax cuts for 98% of the people. he
to choose your medicare coverage begins october 15th and ends december 7th. so call to enroll in a plan that could give you the benefits and stability you're looking for, an aarp medicarecomplete plan insured through unitedhealthcare. what makes it complete? it can combines medicare parts a and b, which is your hospital and doctor coverage with part d prescription drug coverage, and more, all in one simple plan starting at a zero dollar monthly premium -- no more than what you already pay for medicare part b. an aarp medicarecomplete plan offers you benefits like an annual physical, preventive screenings and immunizations for a $0 copay. you'll also have the flexibility to change doctors from a network of providers dedicated to helping you stay healthy. there's more. when you enroll in an aarp medicarecomplete plan insured through unitedhealthcare, your benefits could also include vision and hearing coverage, and prescription drug coverage accepted at pharmacies nationwide. the pharmacy saver program makes prescriptions available for as little at $2 at thousands of pharmacies. unitedhea
and not touch medicare or medicaid? it is all part of the deal. >> gretchen: once you get people back to the table. it is it like a marriage, marriages don't work when one party said i will not budge on anything. >> brian: i hope my wife is listening. >> steve: we are in the let's make a deal stage. both sides want to appear flexibility when it comes to doing something. we aapparently the president of the united states. the week after thanksgiving nothing is scheduled. but we understand that the top aides are working together to do something. who is leading the charge for the white house? tim geithner. it is interesting, in the beginning, during the confirmation it was revealed he did not file taxes properly and people say is he qualified to be the treasury of the secretary. according to the wall street journal. they work with him and like him. and jack lu who did it last time blew it. >> gretchen: why not have bowles-simpson come back. why do we spend more time. rephrase that. why are we wasting more time trying to come together on a deal when the bowles-simpson. >> brian: they didn'
need to be raised and where the cuts to medicare and medicaid would need to be, both sides seem unwilling to believe that the other side is really serious about making the changes that then. >> ben bernanke weighed in on this yesterday. let me play that for you. >> indeed, by the reckoning of the congressional budget office, the cbo, and that of many outside observers, a fiscal shock of that size would send the economy toppling back into recession. >> everyone i've had on this program, all the members of congress, have said to me, joanne, we have to get this done, of course it's going to get done. but we should remember it was a year ago today the grand bargain failed. so what's it going to take? >> you know, i think it might take the new congress being seated. i mean, if you think about it, you still have a lame duck congress so, while the election may have changed the atmosphere and sort of the story line for the members, the actual people themselves are still there. so they've not changed their ideologies at all. i think that the problem is that you have john boehner, preside
and over for generations. so it's no surprise millions have chosen an aarp medicare supplement insurance plan, insured by unitedhealthcare insurance company. like all standardized medicare supplement plans, they help cover some of the expenses medicare doesn't pay. and save you up to thousands in out-of-pocket costs. to find out more, request your free decision guide. call or go online today. after all, when you're going the distance, it's nice to have the experience and commitment to go along with you. keep dreaming. keep doing. go long. gregg: ambassador susan rice now breaking her silence and defending her controversial comments on the benghazi terror attacks. republicans claim susan rice either wittingly or unwittingly misled americans days after the raid when she claimed the assault grew out of a spontaneous protest related to a youtube video. well, stephen hayes joins us now to talk about it, senior writer at the weekly standard and a fox news contributor. steve, happy black friday to you. [laughter] >> morning, gregg. gregg: hey, listen, rice claims she relayed solely and squarely
up 800 billion in new revenue and overhaul the tax system and changes to medicare and that's why the republicans are asking the democrats to come in and explain your deal. this plan was hatched in 2010 and everyone walked away from it and now they call bowles back up? it is late. this is what the american people are upset about. nothing gets done. >> steve: we are a month from the cliff. >> gretchen: we could have avoided the cliff if they used the plan as a starting point. americans are upset nothing gets done. >> brian: norquist is the bad guy. you should walk away from grover norquest. he said you have enough money on capitol hill and stop asking us . he's been a watch dog on our money so whether you are democrat or republican you should salute him. he warned you in the past that people who walked away from the no new taxes paid a price. >> remember the gang of 6. three of the people that you mentioned spent eight months in the room with democrats, pretending to negotiate tax increases for entitlement reform . after a while coburn had to admit they were offered nothing but tax
if democrats agree to reform entitlements like social security and medicare. >> i don't expect the democrats to go for premium ouci do expect them to adjust these entitlement programs before they bankrupt the company. some entilement reform is okay with illinois democratic senator dig durbin, but thinks that social security should be left alone. >> social security does not add one penny to our debt. not a penny. it's a separate funded operation and we can do things and i believe we should, smaller things played out long-term that give it solvency. >> and congressman peter king says nobody will get all they want, but if president reagan and speaker o'neill could get a deal, president obama and speaker boehner should as well. >> harris: let's hope that's true. thank you. right now, a child missing, city on edge and volunteers going door-to-door to try to find young dylan. also, no longer a mysteries, but an official cause. we now know why a strip club blew up and more than 40 buildings and homes including a day care center were heavily damaged. debris for blocks. and we'll check with the firef
.com. ♪ campbell's. it's amazing what soup can do. [ male announcer ] it's that time of year again. medicare open enrollment. time to compare plans and costs. you don't have to make changes. but it never hurts to see if you can find better coverage, save money, or both. and check out the preventive benefits you get after the health care law. ♪ open enrollment ends dember 7th. so now's the time. visit care.gov or call 1-800-medicare. >>. >> gregg: bottom of the hour, top of the news, egypt's stock market taking a dive amid mass demonstrations, thousands of egyptians are protesting president morsi's power grab. weather is giving holiday travelers another reason to be thankful. few airports are reporting any delays. big crowds. tomorrow is cyber monday, retailers are hoping to lure holiday shoppers to their website with the promise of deep discounts. americans are expected to spend $1.5 billion online tomorrow. >> heather: republican leaders making it clear after the election that their party is getting serious about overhauling the nation's dysfunctional immigration system but sweeping reform mig
for something nice and easy? a medicare advantage plan can give you doctor, hospital and prescription drug coverage all in one plan... for nothing more than what you already pay for part b. you'll also have the flexibility to change doctors from a network of providers dedicated to helping you stay healthy. call now to learn more. unitedhealthcare has the information you need so you'll be better prepared when making medicare decisions. maybe you'd just like help paying for your prescriptions. consider a part d prescription drug plan. it may help reduce the cost of your prescription drugs. remember, open enrollment ends friday, december 7th. call unitedhealthcare to learn about medicare plans that may be right for you. call now. >>gregg: black friday is not just about the new gadgets but about scoring some basic necessities. super storm sandy left some in new york and new jersey with nothing, with filth was floodwater soaking electronics and ruining their clothes and now victims are turning to black friday deals to try to replace those things lost in the storm. any to brooklyn, rick, some st
... a new way to save on your prescriptions. it's the aarp medicarerx saver plus plan from unitedhealthcare. with this plan, you can get copays as low as a dollar through a preferred network pharmacy like walgreens -- where you'll find 8,000 convenient locations. best of all, this plan has the lowest part d premium in the united states -- only $15 a month. open enrollment ends december 7th. so call today or visit your local walgreens. >> an eye for an eye, taliban style tops world headlines tonight. a suicide bomber detonated a truck full of explosives today in eastern afghanistan. three afghan civilians were killed and more than 90 people wounded. the taliban says it was retaliation for the recent execution of detainees. pakistan is suspending cell phone service m most parts of the country this weekend to prevent attacks of shiite muslims during a religious observance and militants often used phones for detonate bombs and killed more than a dozen people this week. what some are calling a power grab has led to the same kind of protests that got rid of his predecessor. details fro
's the rush? be happy. be healthy. [ male announcer ] it's that time of year again. medicare open enrollment. time to compare plans and costs. you don't have to make changes. but it never hurts to see if you can find better coverage, save money, or both. and check out the preventive benefits you get after the health care law. ♪ open enrollment ends dember 7th. so now's the time. visit care.gov or call 1-800-medicare. and these come together, one thing you can depend on is that these will come together. delicious and wholesome. some combinations were just meant to be. tomato soup from campbell's. it's amazing what soup can do. >> brian: today over 43 million of you are expected to fly all over the place for their thanksgiving destination. joining us now from our wttg affiliate, melanie, at reagan airport. melanie, how busy is it? >> you know, it is steady, but i wouldn't call it crazy so far this morning. we're about midway through what the metropolitan washington airport authority calls their peak morning travel time. so so far, so good. the weather is clear. the sun is shining. so even ac
. [ male announcer ] it's that time of year again. medicare open enrollment. time to compare plans and costs. you don't have to make changes. but it never hurts to see if you can find better coverage, save money, or both. and check out the preventive benefits you get after the health care law. ♪ open enrollment ends december 7th. so now's the time. visit medicare.gov or call 1-800-medicare. progresso. in what world do potatoes, bacon and cheese add up to 100 calories? your world. ♪ [ whispers ] real bacon... creamy cheese... 100 calories... [ chef ] ma'am [ male announcer ] progresso. you gotta taste this soup. [ male announcer ] jill and her mouth have lived a great life. but she has some dental issues she's not happy about. so i introduced jill to crest pro-health for life. selected for people over 50. pro-health for life is a toothpaste that defends against tender, inflamed gums, sensitivity and weak enamel. conditions people over 50 experience. crest pro-health for life. so jill can keep living the good life. crest. life opens up when you do. >>> to front page politics and
deficits and medicare, small enough it's somewhat of a side show. the idea that we're picking on themmen they're not getting the right deal, get out to the real world. >> eve. >> don't blame them, federal workers, this isn't their fault. yes, they're going to have give more. and in favor of union representation and union representation say hey, leave us alone, it's good for them, but overall, everybody's going to have to give, everybody. >> brenda: gary b. >> look, if it's the federal workers have it so bad, try to get a job in the federal sector, it's almost impossible these days, that's how bad it is >> brenda: but, jonas, there have been layoffs from the federal sectors as well. >> they haven't had as hard as states. states had to get their budgets going tighter before the federal government. the federal government nois only starting to address the workers so i think that the state workers are taking it harder than the federal workers and now the federal workers ve to join the misery of the state workers in tightening budgets. >> brenda: tough times for everybody, thanks, guys. most y
a prescription drug benefits under medicare, that is great, you have to pay for it. you want two wars? you have to pay for them, too. we should understand something about the republican party over the last and years. it has been a big spending party -- it just does not want to pay for any of the spending. a reset of traditional conservatism requires that we be reality-based on the fiscal condition of the country and understand that the years of profligacy now require increased revenue. the notion that we have hundreds of members of congress bound by a pledge to grover norquist as opposed to their oath of office to the constitution -- [applause] is unsettling. we should understand, there is not symmetry between the parties on this question. there is no grover norquist equivalent in the democratic party on this question. it is encouraging to hear speaker boehner and republicans talk about the need to increase revenues. my personal opinion, which is why i am a republican in part, a 40% federal tax rate at the top rate is an awful lot of money to take out of anybody's paycheck. i do not care how mu
's that time of year again. medicare open enrollment. time to compare plans and costs. you don't have to make changes. but it never hurts to see if you can find better coverage, save money, or both. and check out the preventive benefits you get after the health care law. ♪ open enrollment ends dember 7th. so now's the time. visit care.gov or call 1-800-medicare. but i still have a runny nose. [ male announcer ] dayquil doesn't treat that. huh? [ male announcer ] alka-seltzer plus rushes relief to all your worst cold symptoms, plus it relieves your runny nose. [ sighs ] thank you! [ male announcer ] you're welcome. that's the cold truth! >> gregg: welcome back. as americans count their blessings this thanksgiving. many find that donating to charity is a rewarding way to give back. after all, taxpayers can conduct charitable donations and lower their overall tax bill. the president and some lawmakers are now looking to limit those sorts of deductions. jim angle is in washington with more on how that would impact charities. jim? gregg it may be the charitable season in a scramble to avoid the
it and you're in. [ male announcer ] it's that time of year again. medicare open enrollment. time to compare plans and costs. you don't have to make changes. but it never hurts to see if you can find better coverage, save money, or both. and check out the preventive benefits you get after the health care law. ♪ open enrollment ends dember 7th. so now's the time. visit care.gov or call 1-800-medicare. >> after agreeing to a cease-fire, israeli prime minister benjamin netanyahu explains. >> agreed with president obama that together with the united states we will fight against these weapons of terror much of which comes from iran. >> alisyn: our next guest says that jihadist rulers can't it be allowed to get nukes because israel is a one bomb count country. hi, clifford, what do you mean by a one bomb country? >> people don't realize how small israel is, it's smaller than djabouti and the muslim countries around it are 600 times its size with about 60 times the population. what's been said by iranian rulers, it would take actually one bomb, one bomb to wipe out the entire country and if they
a lot. >> everything from medicare to the voting rights act. last word, ron. >> i think it's going to be a very interesting four years, and i think that we're all going to learn about the architecture of in the man. let me just offer one little philosophical note. aristotle defines justice as the word we use for integrity. in the complex life, a person would learn to integrate the competing parts of the human personality, and only then, he says, will you have the capacity to act justly. and the question for obama is how he will express that or if he will in this new term. >> it's not the integrated life that we do it here, but there's a second term in which we do it here, so thank you all very much. [applause] great, wonderful. good. thank you. thank you. thank you. >> thank you. now i know more about what obama is really like, i think -- >> former counterterrorism coordinator henry crumpton also spoke at the washington ideas forum last week. he focused his remarks on the military's emphasis toward drone warfare as well as concerns over cybersecurity and the afghanistan war. this i
medicarerx saver plus plan from unitedhealthcare. with this plan, you can get copays as low as a dollar through a preferred network pharmacy like walgreens -- where you'll find 8,000 convenient locations. best of all, this plan has the lowest part d premium in the united states -- only $15 a month. open enrollment ends december 7th. so call today or visit your local walgreens. continue operations, nor to ride out an extended labor stoppage. now 18,000 workers are expected to lose their jobs over the next few months that could mean no more treats for the rest of us. rich edson is live for us in washington with more. what's next for hostess? >> closing up shop, shutting down dozens of bakeries. hundreds of distribution centers and outlelt stores and thousands of delivery routes over the next year. in order to do that the company says it will keep about 3200 workers initially. cutting but all 5% of workforce. from hid investors can bid on investors of the company. twinkies, wonder bread and other products may be back on store shelves. >> only a few hours will in the start of the holiday sh
? some down payment. the second act is some clear indication of what to do with medicare and defense stocks. they have to give a clear indication otherwise there's going to be some kind of credit downgrades in the months going into 2013. how about the greek deal? i fell out of my chair. this is a default in all but name. look at this. an extension of the loans for 15 years. 15 years. $245 billion of loans. deferral of interest payments for ten years. deferred for ten years. and a reduction in interest rates. imagine this. you have a 30-year mortgage at 3%. now instead of a 30-year mortgage you have a 45-year mortgage. instead of 3% you're paying 2%. how about no interest payments for the next ten years on your 30-year mortgage? that's the deal the greeks just signed. it's staggering because what's happening here is don't call it a default. it's not a default. it's a restructuring. the fact is this is the first step on forgiveness of the debt. they're not officially forgiving any debt. don't say that. they'll freak out on you. the fact is that the next step from here is going out into
it doesn't do is address medicare. and yet the ryan compromise is on the table. so those are the things i would start with. but importantly, just having an expense reduction and trying to rein in our deficit isn't going to solve any of our future problems, and certainly not entitlement. you've got to create a growth commission. and what the growth commission would do is to determine what is needed, what are the -- what's the environment needed to cause our gdp to grow at 3% to 4% instead of 1% to 2%. and they would address things like tax reform, education, immigration, all things that effect the economy. thirdly, there's $1.5 trillion overseas as we know on corporate balance sheets that's not going to come to the united states unless we allow it to come at less than 35% tax rate. what i would do is have a 10% surcharge to bring that money back home. >> is that a one-time holiday? >> i'll get to that. and that would bring in immediately $100 billion to $150 billion which should only be used to reduce the deficit. but i would then permanently put in and tell the growth commission comes out
of legislation. >> medicare alone is 42 trillion unfunded. social security 20.5 trillion. and then you add the 16 that we know about to that. none of these are in black and white those first two that i mentioned. you add it all together, 86.8. >> a lot depends on what happens to medical care. i mean, one thing that could change these estimates tremendously, find a cure for alle alzheimer's. you'll change the estimated how much spending you have to do. if you think over time, many of these forecasts long term forecasts assume no fundamental powerful change. >> find a cure for cancer and everybody livesoff 100. >> but alzheimer's is a very expensive disease. >> but anything that extends life in an expensive way will be -- net i don't think it's cheaper. >> these budget problems are fixable problems that the united states has decided not to fix. this is the decision we're making through our political process. the decision is we're just going to fix it enough to get by another year. we're not going to fix on a grand bargain basis. >> will it pay if we get little bargains over the next ten years? is t
of medicare for everyone under 55 years old. our messages stick no carat. we don't have a forward vision of economic growth, how to create it or sustain it that's in the interest of the middle class and we paid a tremendous penalty for that over the course of this election. so the republican party as a demographic problem. it has a message problem. it has a policy problem which and then in the expect cushion of the campaigns it has a technology program. the obama campaign in 2012 was ten light years ahead from a technology perspective being tible identify voters, target voters, turn out voters. and republican party through this defeat is going to need to go through a cycle of invasion to catch up and pass the democrats in our ability to do that over the next couple of years. what i would say lastly is when you look at the republican party today on issues from gay marriage to immigration to education reform, republicans have always thriveed. we have embraced our small government, limited government and the principles of fed raism which have endured and served the country well for over two
security, medicare, and medicaid. the lobbiest with the defense industry they are also trying to fight spending cut backs. and the companies that make medical devices they are are trying to block new taxes from taking effect on their products because of the new health care reform law. a package of tax hikes and spending cuts known as the fiscal cliff will take effect in january unless congress can do something to balance the budget. >>> happening right now workers at walmart stores starting to walk off the job during the big holiday shopping rush. i want to take you to texas just got this in. workers walked off the job right as shoppers were getting ready to go into the store. other protests are planned in walmarts throughout the bay area. employees say they want walmart to pay better wages. while some say they will still shop at al port others say -- walmart others say they will support those workers. >> if they walk out, i'm not going to shop until they settle with them. you can bet that. >> the picketers were planning to protest outside of sam club stores. >>> in sacramento there we
medicare to the voting rights. >> last word, ron. >> interesting four years, and we're all going to learn about the architecture of this man. i love what you said on -- justice, integrity, and the notion is what you said, david, that in the complex life, a person learns to integrate the competing parts of the human personality and only then, he says, will you have the capacity to act justly and the question for obama is how he'll express that or if he will in the new term. >> the second term in which we do it here. thank you, all, very much. [applause] >> thank you. now i know more about what obama is like. >> more now from last week's washington ideas forum hosted by the atlantic, the aspen institute, and the neweum talking about economic competitiveness hearing from steve case and douglas holtz-eakin. this is 30 minutes. >> next, we have a panel on america and where it's going driving the panel will be steve clemons of washington ideas. steve? >> thank you. >> hey, folks. everybody's running to the thompson counter. thank you, all, for joining us. great to be with you. i'm steve clemons
him. clinton did not get health care passed. >> lbj, what he did. everything from medicare to the voting rights act. last word. i think it's going to be a very interesting for years and we are all going to learn about the architecture of this man. i love what you said about immigration. let me add one philosophical love. aristotle defines -- defines justice as the word used for integrity. in the complex life a person learns to integrate the competing parts of the human personality, and only then, he says, will you have the capacity to act justly. the question for obama is how he will express that or if you will in this new term. >> that the integrated life that we do here, but the second term. so thank you all very much. [applause] >> great. wonderful. >> thank you. >> thank you. now i know more about what obama is really like. >> more now from last week's washington ideal forum hosted by the atlantic has been institute and the museum. up next, economists talk about u.s. economic competitiveness. aol co-founder steve case and former congressional budget office director doug
, the structure and value of the political system, we have huge programs like social security, medicare and medicaid, legacy programs serving all americans. those programs are crushing the discretionary talents which are where we fund national security based research and education. the core functions of government. our budget allows a path to the future. how we structure ritter and that is a fundamentally -- against what steve is talking about. we have to agree that innovation will solve our health care problems and education problems and energy problems. we have to agree we will compete so those innovations i transferred as part of market share. >> i want to jump to bob for a second. when you go around the world before 9/11, 2001, and talk to a nations, of very international crowd and ask what they thought of the united states, admired the united states and they resented the united states because it that time they didn't believe there were any boundaries to what could be done. that looks at the united states as the most innovative place in the world, constantly pull rabbits out of the
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